Wemade Play reported an operating profit of 2.1 billion won for the third quarter of this year, a 39% decrease compared to the same period last year.
During the same period, revenue fell by 3% to 30.3 billion won. The company recorded a net loss of 2.4 billion won, impacted by foreign exchange losses.
For the cumulative results of the third quarter, revenue reached 94.9 billion won, and operating profit was 8 billion won, reflecting increases of 2% and 6%, respectively, compared to the previous year. The net profit for the period was 7.3 billion won.
Subsidiary Playlings reported third quarter revenue of 20.1 billion won and operating profit of 1.9 billion won, marking decreases of 7% and 4% from the previous quarter. The company attributed these declines to the impact of currency fluctuations in its significant overseas markets. It also recorded a net loss of 200 million won.
CEO Woo Sang-jun stated, "We are enhancing our AI infrastructure for game development and advertising services with our team. We expect to gradually diversify our revenue through new business initiatives and collaborations with major domestic and international platforms, as well as the development of global new titles."
Meanwhile, Wemade Play continues to provide services for its existing 'Anipang' series and social casino games while pursuing revenue diversification through the development of new puzzle games and publishing games from external developers.
Due to the positive results from North American testing of its new three-match puzzle game, the Project R team anticipates a soft launch as early as the first quarter of next year, along with plans for a global official service for the published game within the year.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.